Following the economic crisis of 2008, there was significant consolidation in the banking sector. As banks began managing troubled loans on their balance sheet along with assets obtained from newly acquired institutions. The focus was almost always on salvaging the collateral and dealing with the borrower later. However, after the collateral was either sold or liquidated, few institutions focused on pursuing the guarantees tied to the borrowers that made up their new portfolio. For those who did pursue these balances, many were left with substantial litigation expenses. Ultimately many of these institutions suffered huge losses on litigation expenses and decided to shelve their newly obtained judgments and the rest of their deficiencies. Unfortunately, as time has passed, many of these judgments have been forgotten and are expiring daily. Even more, than a decade later, most institutions are aware of only a fraction of the judgments held in their name or the name of an acquired institution. This lack of awareness results in millions of dollars of judgments expiring annually!
​
In 2010, recognizing an opportunity to help banks and other financial institutions identify and manage their judgment portfolio, a team of attorneys, accountants, and information professionals formed Guaranty Solutions, LLC. With over 90 years of combined experience, we developed a world-class judgment identification and management system which enables us to identify an institution’s full portfolio of judgments, including those held in the name of an acquired institution. Once the judgments are identified, we excel in underwriting the debtors to determine their ability to satisfy the judgment. Armed with this information, our team of highly skilled debt counselors work with debtors to achieve a successful satisfaction of the judgment.